production

The House Ways and Means Committee Wednesday approved a $16 billion tax package chock full of incentives to spur the production of renewable fuels and other clean energy.

The Senate narrowly defeated a Republican measure last Thursday that would have cleared the way for the exploration and production of natural gas off of Viginia’s shoreline. The vote underscored the Democrats’ unshakable stance against opeining up additional offshore regions to energy activity.

For the fourth consecutive year, global natural gas production grew in 2006 above the 10-year average, according to the BP Statistical Review of World Energy 2007. BP, which reviewed oil and gas output and consumption data through the end of last year, documented a 26.3 billion-cubic-meter (Bcm) gas inventory build in the United States, the European Union and Russia alone.

The Senate narrowly defeated a Republican measure Thursday that would have cleared the way for the exploration and production of natural gas off of Virginia’s shoreline. The vote underscored the Democrats’ unshakable stance against opening additional offshore regions to energy activity.

For the fourth consecutive year, global natural gas production grew in 2006 above the 10-year average, according to the BP Statistical Review of World Energy 2007. BP, which reviewed oil and gas output and consumption data through the end of last year, documented a 26.3 billion-cubic-meter (Bcm) gas inventory build in the United States, the European Union and Russia alone.

Denver-based independent Teton Energy Corp. has formed a drilling partnership with privately held Targe Energy Exploration & Production LLC to evaluate acreage in the Frenchman Creek prospect of the eastern Denver-Julesburg (D-J) Basin of Nebraska, an area that Teton suspects may yield up to 20 Bcf gross of natural gas resource potential.

Exploration and production (E&P) spending continues to look bright for the rest of 2007 — but most of the gains will come outside North America, according to a mid-year report by Lehman Brothers.

Exploration and production (E&P) spending continues to look bright for the rest of 2007 — but most of the gains will come outside North America, according to a mid-year report by Lehman Brothers.

Denver-based independent Teton Energy Corp. has formed a drilling partnership with privately held Targe Energy Exploration & Production LLC to evaluate acreage in the Frenchman Creek prospect of the eastern Denver-Julesburg (D-J) Basin of Nebraska, an area that Teton suspects may yield up to 20 Bcf gross of natural gas resource potential.